Title 7 — Agriculture
Chapter 115 — Agricultural Commodity Policy and Programs
§ 9033. Term of loans
Statutory text
Term of loan
In the case of each loan commodity, a marketing assistance loan under section 9031 of this title shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made.
Extensions prohibited
The Secretary may not extend the term of a marketing assistance loan for any loan commodity.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Agricultural Act of 2014
Pub. L. 113–79 title I § 1203 · 128 Stat. 649
Enacted · 7 U.S.C. § 9033
(Pub. L. 113–79, title I, § 1203, Feb. 7, 2014, 128 Stat. 676.)
Source evidence
Code source credit
(Pub. L. 113–79, title I, § 1203, Feb. 7, 2014, 128 Stat. 676.)Enacted provision · exact public law section
SEC. 1203. TERM OF LOANS. (a) Term of Loan.— In the case of each loan commodity, a marketing assistance loan under section 1201 shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made. (b) Extensions Prohibited.— The Secretary may not extend the term of a marketing assistance loan for any loan commodity.
1 of 1 references resolved to an enrolled provision